Kungsleden’s Extraordinary General Meeting

Not for release, publication or distribution, directly or indirectly, in or into Australia, Hong Kong, Japan, Canada, Singapore, the United States or any other jurisdiction where such distribution of this press release would be subject to legal restrictions.

The Extraordinary General Meeting of Kungsleden AB (publ) (”Kungsleden” or the “Company”) was held today. The Extraordinary General Meeting resolved to approve the Board of Directors’ decision on a rights issue with preferential rights for existing shareholders.

The rights issue terms in brief

Under the terms of the rights issue each existing ordinary share held on the record date 8 March 2017, entitles to one (1) subscription right, and five (5) subscription rights entitle to subscription for one (1) new ordinary share. The subscription price is SEK 45 per share which, at full subscription, will result in a total issue size of approximately SEK 1,638 million before issue costs. The subscription period will run 10–24 March 2017.

At full subscription, the number of shares will increase from 182,002,752 to 218,403,302 ordinary shares and the share capital will increase from SEK 75,834,480 to SEK 91,001,375.83.

The main purpose of the rights issue is to strengthen Kungsleden’s balance sheet and enable further profitable growth with financial discipline.

As previously announced, Gösta Welandson and Olle Florén, both with companies, and BNP Paribas Investment Partners have undertaken to subscribe for approximately 20.9 per cent of the rights issue. The remaining portion of the rights issue is underwritten by Gösta Welandson with companies. In addition, Alfred Berg, who represents 1.4 per cent of the shares in Kungsleden, has expressed its intention to subscribe for its pro rata share of the issue

For further information on the rights issue please refer to previous press releases published on 2 February 2017 and 1 March 2017. Further information on the rights issue will also be included in the prospectus which is expected to be published on 9 March 2017.

Timetable for the rights issue

6 March - Last day of trading for Kungsleden’s ordinary shares including the right to participate in the rights issue

7 March - First day of trading in Kungsleden’s ordinary shares excluding the right to participate in the rights issue

8 March - Record date, i.e. ordinary shareholders registered in the share register on this day will receive subscription rights giving the right to participate in the rights issue

9 March - Publication of the prospectus

10-22 March - Trading in subscription rights

10-24 March - Subscription period

29 March - Publication of the preliminary result of the rights issue

31 March - Publication of the final result of the rights issue

Around 11 April - Start of trading in and delivery of the new shares

For more information, please contact:

Göran Larsson, Chairman of the Board | +46 70 633 85 90

The information was provided for public release on 6 March 2017 at 12:00 a.m.

Important information

The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in Kungsleden. Any invitation to the persons concerned to subscribe for shares in Kungsleden will only be made through the prospectus that Kungsleden estimates to publish on or around 9 March 2017.

This press release may not be released, published or distributed, directly or indirectly, in or into Australia, Hong Kong, Japan, Canada, Singapore, the United States or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in a manner that contravenes such restrictions or would entail such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws.

No subscription rights, BTAs (interim shares) or new shares have or will be registered under the United States Securities Act of 1933 (“Securities Act”) or securities legislation in any state or other jurisdiction in the United States and may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or transferred, directly or indirectly, into or within the United States, other than pursuant to an exemption from, or in a transaction that is not subject to, the registration requirements of the Securities Act and in accordance with securities laws in the relevant state or other jurisdiction in the United States.

This press release may contain forward-looking statements which reflect Kungsleden’s current view on future events and financial and operational development. Words such as “intend”, “expect”, “anticipate”, “may”, “believe”, “plan”, “estimate” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, are intended to identify forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from the forward-looking statements.

For more information, please contact:
Göran Larsson, Chairman of the Board  | 46 (0)70 633 8590.


Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden

Kungsleden is a long term property-owner that provides attractive, functional premises that enrich people’s working days. We create value by owning, managing and developing offices and other commercial properties in Stockholm and Sweden’s other growth regions. A large portion of our properties belong to attractively located clusters where we also engage in the development of the whole area. Kungsleden’s goal is to deliver an attractive total return on our properties and for our shareholders. Kungsleden is listed on NASDAQ Nordic Large Cap.